Fletcher Building Limited · NZX:FBU
Fletcher Building — Forsyth Barr Investor Presentation (April 2011)
17 slides from Fletcher Building's conference presentation, Apr 8, 2011
Slide 1: Forsyth Barr Investor Presentation
1 For personal use only Forsyth Barr Investor Presentation 07 April 2011 Jonathan Ling Chief Executive Officer Investor Presentation| Fletcher Building | © April 2011
Slide 2: Disclaimer
2 For personal use only Disclaimer This presentation contains not only a review of operations, but also some forward looking statements about Fletcher Building and the environment in which the company operates. Because these statements are forward looking, Fletcher Building Building’ss actual result
Slide 3: Fletcher Building at a glance
3 For personal use only Fletcher Building at a glance 2011 – Post 2001 2010 Crane Revenue (NZ$billion) 23 2.3 68 6.8 9 8* 9.8* Operating Profit 94 521 5 616* (EBIT NZ$million) NZ$ illi ) Market Capitalisation 0.78 5.1 6.2 (NZ$billion) Employees 7,000 16,000 >20,000 * Based on Pro-forma accounts in B
Slide 4: Fletcher Building at a glance
4 For personal use only Fletcher Building at a glance 2011 – Post 2001 2010 Crane g Market Ranking: -NZX 17 1 1 -ASX 60 54 Share Price $2.26 $7.85 $9.37 Total Shareholder Return 435%* * Based on Pro-forma accounts in Bidders Statement dated 10 January 2011, for the period from 26 March 2001 to 14 De
Slide 5: Safety Performance
5 For personal use only Safety Performance 70 62.11 E&C TRIFR 60.72 59.47 60 TRIFR LTIFR 50 43.85 MTIFR Fatality mber 40 Num 30 27.76 23.33 20 13.94 13.07 11.24 10.40 10 0 2003/4 2004/5 2005/6 2006/7 2007/8 2008/9 2009/10 Sep-10 Year Investor Presentation| Fletcher Building | © April 2011
Slide 6: Fletcher Building Then and Now
6 For personal use only Fletcher Building Then and Now Revenue 2001: Revenue 2011:* Rest of Rest of Australia, World, 1% World, 13% 12% New Z l d Zealand, 42% Australia, New 45% Zealand, 87% * Pro-forma combined Fletcher Building and Crane Group Investor Presentation| Fletcher Building | © April 201
Slide 7: Fletcher Building Shareholder Base
7 For personal use only Fletcher Building Shareholder Base New New Zealand Zealand Retail Institutional 17% 24% Asia 6% Europe 7% North Australia America 31% 3 15% As at 31 December 2010 Investor Presentation| Fletcher Building | © April 2011
Slide 8: Market leading businesses
8 Market leading businesses For personal use only Building Laminates Distribution Infrastructure Steel Crane Products & Panels Pipelines – Plasterboard Building Materials Construction The Laminex Coated Steel Manufacture & Insulation Distribution Group Distribution Roof oo Tiles es 62 PlaceMakers
Slide 9: Strategic Objectives
9 For personal use only Strategic Objectives • Grow our Australian and New Zealand building products and construction materials positions • Develop Laminex and Formica into the World’s leading laminates and panels business • Maintain our strong market positions in New Zealand • Pursue opportunities
Slide 10: The Fletcher Building Way
10 For personal use only The Fletcher Building Way • Decentralised organisation structure. Maximum autonomy and accountability with Business Unit General Manager. • Small corporate office. • Improve or eliminate underperforming businesses • Have the right people in the right roles at the right time.
Slide 11: Fletcher Building acquisition criteria
11 For personal use only Fletcher Building acquisition criteria • No. 1 or 2 market position • Attractive industryy structure • Capable management available • Attractive financial returns Investor Presentation| Fletcher Building | © April 2011
Slide 12: Successful diversification has driven out-performance
12 For personal use only Successful diversification has driven out‐performance Formica 1000 Fletcher Building Share Price NZX505 Index 800 Crane Amatek Global 600 Index x Financial Crisis Tasman 400 4 Laminex 200 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Investor Presentation| Fletcher Bui
Slide 13: Overview of Crane's businesses
13 Overview of Crane’s businesses For personal use only Crane Division (FY10 in A$m,, to nearest million) Aust. NZ Key y Brands Pipelines Manufacturer and distributor of pipes and fittings from 15mm to 2,000mm in diameter with 20 manufacturing and distribution facilities across Australia and New Zea
Slide 14: Canterbury earthquake update
14 Canterbury earthquake update For personal use only • Following g first significant g earthquake q on 4 September p 2010: • Fletcher Construction was selected to undertake project management of repairs for the Earthquake Commission (approximately 60,000) − 12 regional project management hubs estab
Slide 15: Watertightness – fixing "leaky homes"
15 Watertightness – fixing “leaky homes” For personal use only • PWC report to government of March 2010 estimated 22,000 to 89,000 dwellings affected • Consensus forecast is 42,000 dwellings require repair, at a total cost of $11.3 billion ‒ 10 years for complete remediation • New scheme proposed fr
Slide 16: Outlook 2011
16 For personal use only Outlook 2011 Outlook for 2011 financial year continues to be mixed as to the pace of economic recovery, and the impact of the Canterbury earthquakes New Zealand: • Residential R id ti l b building ildi activity ti it nott expected t d tto iimprove iin th the second dhhalf. l
Slide 17: Forsyth Barr April 2011
17 For personal use only Forsyth Barr Investor Presentation 07 April 2011 Jonathan Ling Chief Executive Officer Investor Presentation| Fletcher Building | © April 2011
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